What is referred to as the property of a deceased person, including both real and personal assets?

The term 'estate' refers to the collective property of a deceased individual, encompassing all real and personal assets. This includes not just physical properties such as land and buildings but also personal belongings like bank accounts, investments, vehicles, and other valuables. The estate represents everything the person owned at the time of their death and is usually managed and distributed according to the will, or by the laws of intestacy if there is no will.

In contrast, endorsement pertains to the act of signing a document or check, generally to transfer rights or ownership, and does not relate to the property of a deceased individual. Escheat refers to the legal process whereby a person's property reverts to the state when there are no legal heirs, rather than describing the entirety of an estate. An executor is an individual appointed to manage the estate of a deceased person but does not define the estate itself. Thus, 'estate' is the accurate designation for the property belonging to someone who has passed away.